The Global Payment Gateway Market is expected to grow at a CAGR of around 20.0% during the forecast period, i.e., 2023-28. MarkNtel Advisors' recently published versions of the study on the Global Payment Gateway Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timefrvame and Metrics
- Historical Period: 2018-21
- Base Year: 2022
- Forecast Years: 2023-2028
- Units: USD Million/Billion
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- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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Key Driver: Online Shopping Trends and Government Initiatives Promoting Digital Transactions
A notable shift in shopping patterns with growing internet penetration has led to the large-scale adoption of payment gateways in recent years. In addition, numerous government initiatives encouraging digital transactions further promote such extensive adoption, citing it as vital for the country’s economy in terms of maximized revenues, transparency, and ICT technologies. As such, initiatives like the Unified Payment Interface (UPI) launched by the Indian government and the promotion of ePayments by the Monetary Authority Singapore (MAS) have fueled market growth. Moreover, over the past few years, retailers have evolved into taking all forms of payment options available owing to the tangible presence of smartphones and cards. Thus retailers are putting efforts into employing innovative mobile transaction solutions, risk management, and customer service to stay in line with modern payment solutions. Backed by these aspects, the industry is expected to expand its horizon in the coming years.
Analyzing the Segmentations for the Global Payment Gateway Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Type
-Hosted
-Self-hosted
-Bank integrated
By Enterprise Size
-Small & Medium Enterprise
-Large Enterprise
By End-Users
-Retail
-Travel
-Hospitality
-Healthcare
-Education
-Government
-Utilities
-Others
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Exploring the Geographical Landscape of the Global Payment Gateway Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-North America
-South America
-Europe
-Asia-Pacific
-Middle East & Africa.
Do You Know Who are the Leading Companies in the Global Payment Gateway Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the Global Payment Gateway Market companies:
-PayPal Holdings
-Stripe, Inc.
-Adyen NV., Inc
-Amazon Pay
-Square, Inc
-Skrill limited
-PayU group
-Ingenico Group
-Alipaycom Co Ltd
-Paytm Mobile Solutions Pvt. Ltd.
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Key Questions Addressed in the Global Payment Gateway Market Research Report:
- What is the estimated size, share, and CAGR of the Global Payment Gateway Market in the forecast period?
- What are the key trends projected to impact the Global Payment Gateway Market during 2023-2028?
- What are the different segments & sub-segments considered in the Global Payment Gateway Market research study?
- Who are the key stakeholders and players participating in the Global Payment Gateway Market?
- What are the major aspects creating opportunistic arena for the Global Payment Gateway Market?
- What would be the demand for different types of products/services in the Global Payment Gateway Market through 2028?
- What all factors would create challenge for the Global Payment Gateway Industry growth?
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